Reply to Would you support the following policy on student loans?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]No. Cancel them all. Public education should have been free in the first place.[/quote]

Almost everyone has an opportunity to go to a public institution, and many are talented enough to get scholarships at certain institutions.

1. Link default rates to universities. Universities with high default rates are out of any government loan programs.
2. Ability to borrow is a function of ability to pay... majors with higher incomes qualify for larger loan balances.
3. Set interest rates close to government cost of borrowing for any public loan programs.[/quote]

None of the above. Take all the money flowing through the federal student loan program—which currently makes it the 5th largest lender in the US—and invest directly in instructional costs at public institutions, with a requirement for states to match the money and lower tuition and fees dramatically.

No loans for public higher education. Ever. Privates can compete as they will…if they can. A lot won’t be able to.[/quote]

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